The 2018 saw the legalization of sports betting in the United States, thus creating another multi-billion dollar industry. The Professional and Amateur Sports Protection Act of 1992, which outlawed sports betting nationwide except for New Jersey, was judicially overturned.
The US Supreme Court ruled in a 7-2 decision that parts of PASPA were unconstitutional as they commandeered power from the states, and in a 6-3 ruling determined that it is unconstitutional. This gave the states the right to decide whether to legalize sports betting within their territories.
As you will see in the infographic below by a casino review site NJ Games, many sports data companies already started making profits thanks to the legalization. Let’s take a look at a few of them.
- • Sportradar paid the International Tennis Federation $70 million over five years for its data rights, having also signed exclusive data deals worth over $250 million in 2015 and 2016 with NASCAR, NFL, NHL, and NBA. As a sportsbook operator, it sells real-time data to interested parties for more accurate betting lines.
- • STATS works by collecting data through AI screen monitoring. It signed five deals worth $70 million with sports media companies in 2018. As a sports media company, STATS sells advanced data metrics to media providers for a better viewing experience.
Willing to see more about the new trend of legalized sports betting? Scroll down and take a look at the infographic.